Jasmy price bounced back this week, and somehow it’s one of the hottest performers in crypto. Great, because nothing says stability like a coin that keeps doing cartwheels. 🙄
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The daily chart shows that technicals contributed to the Jasmy price rebound. It formed a double-bottom pattern at $0.0056 and a neckline at $0.0066.
The coin also formed a falling wedge pattern, characterized by two descending, converging trendlines. It has now moved above the 50-day and 100-day moving averages, which is a positive sign. – Look, it’s climbing, but do I trust it? Not really. 😅
However, the token has formed a double-top pattern at $0.010 and a neckline at $0.0081. Therefore, there is a risk that the coin will have a strong bearish breakout in the near term. If this happens, the initial target will be the neckline at $0.00815.
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2026-01-09 19:53